DOE Hosts Webinar for Loan Guarantee Applicants

The U.S. Department of Energy has scheduled an Oct. 22 webinar to help companies navigate the process of applying for loan guarantees under a new program called the Financial Institution Partnership Program.

Under this program, which was launched earlier this month, companies interested in receiving a loan guarantee for their renewable energy generation project must submit an application through an eligible lender or financial institution. (HydroWorld 10/8/09)

Eligible projects include hydropower, wind power, geothermal, solar, biomass, and trash-to-energy.

During the webinar, scheduled to begin at 12 p.m. eastern time, the DOE’s Douglas Schultz will address any questions or concerns regarding the new program.

To register, click here. For more information about the DOE’s loan guarantee program, go to www.lgprogram.energy.gov.

DOE recently announced plans to provide up to $750 million in federal stimulus funds to cover the cost of loan guarantees on renewable energy generation projects, including hydropower. (From HydroWorld.com)

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